A bond that matures in 20 years has a $1,000par value. The annual coupon interest rate is 7 percent and the market's required yield to maturity on a comparable-risk bond is 16 percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid interest semiannually?

= Homework: MT217M5 Lab Assessment Question 2, P9-4 (similar to) Part 1 of 2 HW Score: 30%, 6 of 20 points O Points: 0 of 1 Save (Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 20 years has a $1,000 par value. The annual coupon interest rate is 7 percent and the market's required yield to maturity on a comparable-risk bond is 16 percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid interest semiannually? a. The value of this bond if it paid interest annually would be $ (Round to the nearest cent.)